Case Study: Computer Sciences Corporation (CSC)

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Computer Sciences Corporation (CSC) is an American multinational corporation that provides information technology (IT) services and professional services. Its headquarters are located in Falls Church, Virginia. CSC has 74,000 employees in over 70 countries. Its clients include commercial enterprises and the U.S. federal government, as well as state, local and non-U.S. government agencies. In September 2009, when Xerox acquired Affiliated Computer Services, CSC became the only remaining major "hardware vendor independent" IT Service provider with headquarters and major operations in the US. CSC has been a Fortune 500 Company since 1995, ranked 185 in the 2014 rankings. The company also figures in the Forbes Global 2000 list. CSC was founded…show more content…
By 1963 CSC became the largest software company in the United States and the first software company to be listed on the American Stock Exchange. By the end of 1968, CSC was listed on the New York Stock Exchange and had operations in Canada, India, the United Kingdom, Germany, Spain, Italy, Brazil, and the Netherlands. In the 70s and 80s CSC did expand globally winning large contract for the Finance and Defense industry and through acquisitions in Europe and Australia. Since its beginnings in 1959, company headquarters had been in California. On March 29, 2008, the corporate headquarters of the Company were relocated from El Segundo to Annandale, Virginia. CSC has been a Fortune 500 Company since 1995, coming in at 162 in the 2012 rankings. On May 2015 CSC announced plans to split the public sector business from its commercial and international business. CSC employs about 90,000 employees (as of March 24, 2015) in 70 countries and ranks among the leading IT service providers in the world. Geographically, CSC has major operations throughout North America, Europe, Asia and…show more content…
• In December 2011, the non-partisan organization Public Campaign criticized CSC for spending $4.39 million on lobbying and not paying any taxes during 2008–2010, instead getting $305 million in tax rebates, despite making a profit of $1.67 billion. • In February 2011, the SEC launched a fraud investigation into CSC’s accounting practices in Denmark and Australian business. CSC's CFO Mike Mancuso confirmed that accounting errors and intentional misconduct by certain personnel in Australia prompted SEC regulators to turn their gaze to Australia. Mancuso also stated that the alleged misconduct includes $19 million in both intentional accounting irregularities and unintentional accounting errors. • The company has been accused of breaching human rights by arranging several illegal rendition flights for the CIA between 2003 and 2006, which also has led to criticism of shareholders of the company, including the governments of Norway and

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